BABA opened at 100 dollars a share on its ipo day. If you couldnt get Pre IPO price and you the public bought at ipo release you would have been down 10-18% right off the bat.
Over hyped IPO, you wait for a signal to buy.
THe first signal to enter was when it broke its down trend at 88.56 (Yellow circle 1)
STop loss 87.49. You are risking 1 dollar for a potential 10+ dollars or more. Thats a good Risk reward ratio
THe first sell signal was the huge upward momentum break at 113.07 (Yellow circle 2)
So if you went with this set up you would be up 27% if you stopped out at 113.07
if you invested 10k into baba you would be up 2.7 grand
The third buy signal came out and john yi sent out the alert to his friends to buy at 107
stop loss set at 103.44
Lets see how far the next ramp up can go.
IF Alibaba can clear 120 we can see a massive blow up to the top.
Over hyped IPO, you wait for a signal to buy.
THe first signal to enter was when it broke its down trend at 88.56 (Yellow circle 1)
STop loss 87.49. You are risking 1 dollar for a potential 10+ dollars or more. Thats a good Risk reward ratio
THe first sell signal was the huge upward momentum break at 113.07 (Yellow circle 2)
So if you went with this set up you would be up 27% if you stopped out at 113.07
if you invested 10k into baba you would be up 2.7 grand
The third buy signal came out and john yi sent out the alert to his friends to buy at 107
stop loss set at 103.44
Lets see how far the next ramp up can go.
IF Alibaba can clear 120 we can see a massive blow up to the top.
